Great Elm Group (NASDAQ:GEG) Releases Earnings Results

Great Elm Group (NASDAQ:GEG) announced its earnings results on Wednesday. The company reported ($0.14) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $3.34 million during the quarter. Great Elm Group had a negative net margin of 127.61% and a negative return on equity of 63.44%.

Great Elm Group Trading Up 0.9%

GEG traded up $0.02 during trading on Wednesday, reaching $2.17. The company had a trading volume of 938 shares, compared to its average volume of 16,802. The firm’s 50-day simple moving average is $2.16 and its 200 day simple moving average is $2.15. The company has a market cap of $67.11 million, a price-to-earnings ratio of -1.89 and a beta of 0.64. Great Elm Group has a 12-month low of $1.80 and a 12-month high of $2.83. The company has a debt-to-equity ratio of 1.55, a quick ratio of 12.89 and a current ratio of 12.89.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Great Elm Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 29th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Great Elm Group has a consensus rating of “Sell”.

Great Elm Group Company Profile

Great Elm Group, Inc (NASDAQ: GEG) is a diversified holding company focused on asset management, specialty finance and related investment activities. Through its subsidiaries and affiliated businesses, the company seeks to invest in and manage a range of financial assets and operating businesses.

One of Great Elm Group’s principal activities is alternative asset management. Its investment-management operations have been associated with investment vehicles that pursue credit and other opportunistic strategies, including Great Elm Capital Corp., a business development company.